Paraguay's Senate failed to muster a quorum Tuesday, thereby frustrating President Nicanor Duarte Frutos's bid to resign two months before the end of his term to join that same legislative body.
President Nicanor Duarte resigned Monday two months before his term ends, but opposition parties say they will fight the move by Duarte to claim a crucial seat in Paraguay's Senate.
Paraguay's president-elect Fernando Lugo whose historic election ended six decades of one-party rule in the country named a former leftist militant to head his Cabinet when he takes office on August 15.
Argentina will hand Paraguay and Bolivia the Limits Act which contains the final territorial and fluvial borders which emerged from the Chaco War, fought 73 years ago between the two landlocked and poorest countries of the continent.
Paraguay expects to see its share of the energy business with Brazil to increase to at least two billion US dollars said an energy expert and advisor to Paraguayan president elect Fernando Lugo.
Paraguay's soy bean 2007/08 crop is expected to reach a record 6.8 million tons helped by good yields and an expansion of the area planted according to the country's soy exporters chamber.
Paraguayan president elect Fernando Lugo who takes office next August 15 will have to reach a working agreement in Congress since the coalition that supported him was unable to obtain a majority.
The Paraguayan economy boosted by the faro sector Grez 6.8% in 2007, which is higher than originally forecasted, 6.4%, according to the country's Central Band president German Rojas.
Paraguay's President Nicanor Duarte revealed that he had talks with president elect Fernando Lugo to ensure governance for the country, and if the incoming administration proposes a constitutional review, he will support it from Congress, according to reports in Asunción Sunday press.
Paraguay's President-elect Fernando Lugo will face a largely conservative Congress that may make carrying out his reforms difficult, according to the vice president-elect Federico Franco.